- Sole Proprietorship
- Joint Stock Company
- Partnership
- All of the given options
- b
-
A joint stock company can sale or purchase shares to shareholders easily without hard rules. Shareholders can also transfer shares from one entity to other easily.
All Testing Services Solved Papers
Wages are Paid For:
- Long term period
- All of the given options
- Short term period
- None of these
- c
-
Wages and Salaries are Liabilities of Organization / Company.
Double Entry Book-Keeping was fathered by:
- Murphy Smith
- Henry Fayol
- Luca Pacioli
- F.W. Taylor
- c
-
Luca Pacioli published first book on Double Entry System in 1494.
The art of recording, classifying and summarizing in a specific manner is called:
- Accounting
- Liability
- Budgeting
- None of these
- a
A system in which a fixed amount is given to Cashier for the monthly expense is called ……
- Loan
- Imprest System
- Barter System
- Credit System
- b
-
The Imprest is a professional term.
How many types of Interests?
- 02
- 03
- 04
- 05
- a
-
Banks often use 2 types of interests, which are :
Simple Interest
Compound Interest
Public Company has minimum …. Members.
- 7
- 8
- 9
- 10
- a
-
Public Company is also called Limited Company.
There are minimum seven member sin Public Company and no limit for maximum members/ partners.
The audit of Public Limited Company is Compulsory.
Private company consist of maximum …. Partners.
- 40
- 50
- 60
- 70
- b
-
Minimum members / partners of Private Company are 02 and maximum should be 50.
The audit of Private Company is not Compulsory.
How many types of Depreciation?
- 05
- 06
- 07
- 08
- a
-
Straight Line Method
Annuity Method
Depreciation Fund Method
Revalution Method
Reducing Method
Financial Market include:
- Physical Asset Market
- Primary Market
- Capital Market
- All of the above
- d
-
A financial market is a word that describes a marketplace where bonds, equity, securities, currencies are traded.